Why not? After all, the transaction data is publicly available, and he could provide exchange and bank statements. The answer, however, was still a firm ‘no’. Similar stories of rejection emerged, often because crypto was just ‘too much of an AML risk’.Since setting out on this journey, Hoptrail has helped numerous customers - mostly first-time buyers in their 20s and 30s - get on the housing ladder using crypto proceeds. Some just in need of a deposit, others buying outright in cash. But all with solicitors who are now crypto-friendly and crypto-savvy.
Insights
Our Origin Story
In 2019, our CEO wanted to use crypto proceeds for a house purchase. It set alarm bells ringing with the solicitor, who said that crypto earnings could not be accepted under any circumstances. So, he set about solving this issue and Hoptrail was born.
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